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Balfour Beatty reaches financial close on £230M street lighting PPP contract

Balfour Beatty yesterday reached financial close on a £230M street lighting PPP contract for Northamptonshire County Council.

The 25-year concession will involve the design, installation and maintenance of about 46,000 street lights which includes approximately 34,000 new street lighting columns, and 11,000 signs and bollards during a five-year capital investment period, as well as the ongoing maintenance of all existing and new equipment.

The contract was procured and will be delivered in partnership with the Cambridgeshire street lighting PPP contract, for which Balfour Beatty reached financial close in April.

Balfour Beatty will invest equity of approximately £6.5M into the concession.

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